Deals Counterparts

Equinor discovers oil and gas near Troll and Sleipner hubs in North Sea

Development Oil Gas announced Norway Mar 10, 2026
development
Stage
Byrding C and Frida Kahlo discoveries
Project

Equinor has made two commercially viable hydrocarbon discoveries in the North Sea, finding oil in the Troll area (Byrding C) and gas and condensate near the Sleipner hub (Frida Kahlo). The Byrding C discovery, estimated at 4-8 million barrels of recoverable oil, is within production license 090 HS where Equinor holds a 75% stake and INPEX Idemitsu Norge holds 25%. The Frida Kahlo discovery, estimated at 5-9 million barrels of oil equivalent of gas and condensate, is within production license 046 where Equinor holds 58.3%, Orlen Upstream Norway holds 24.4%, and Vår Energi holds 17.2%.

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Deal Analysis

Equinor, an energy major actively investing in renewables, has confirmed two commercially viable hydrocarbon discoveries in the North Sea. The finds include 4-8 million barrels of oil at Byrding C near the Troll hub, where INPEX Idemitsu Norge holds a 25% stake. Separately, 5-9 million barrels of oil equivalent in gas and condensate were found at Frida Kahlo near Sleipner, with Orlen Upstream Norway and Vår Energi as partners. These developments show Equinor maintaining its focus on established Norwegian continental shelf assets, even while pursuing leadership in the energy transition.
  • Two commercially viable discoveries announced near existing Troll and Sleipner hubs.
  • Byrding C discovery estimated at 4-8 million barrels of recoverable oil.
  • Frida Kahlo discovery estimated at 5-9 million barrels of oil equivalent of gas and condensate.
  • Equinor holds 75% in Byrding C and 58.3% in Frida Kahlo.

Source Intelligence

KEY DETAILS

The Byrding C discovery is estimated to contain between 4 million and 8 million barrels of recoverable oil. It is within production license 090 HS. The Frida Kahlo discovery is estimated to contain 5 million to 9 million barrels of oil equivalent of gas and condensate. It is within production license 046, known as the Sleipner licence. The Byrding C well was drilled by the COSL Innovator rig in exploration well 35/11-32 S. The four most recent exploration wells in the Sleipner area (Lofn, Langemann, Sissel and Frida Kahlo) have combined estimated resources of 55 million to 140 million barrels of oil equivalent. Equinor plans to drill three additional exploration wells and two new production wells in the Sleipner area this year. Sleipner is a key gas hub processing hydrocarbons from Sigyn, Utgard, Gudrun and Gina Krog, and exporting gas to Europe. Improved subsurface understanding from Ocean Bottom Node seismic, 4D seismic and reprocessing of existing data supported the exploration success.

Location
Equinor has made two hydrocarbon discoveries in the North Sea, finding oil in the Troll area and gas and condensate near the Sleipner hub... The Byrding C discovery was made about five kilometers northwest of the Fram field in the Troll area... The Frida Kahlo discovery was drilled from the Sleipner B platform northwest of the Sleipner Vest field... Norwegian continental shelf
Announcement
Published Mar 10, 2026 4:46 am ET
COD
The well is expected to be brought on stream as early as April.
PARTIES MENTIONED IN SOURCE
E
Equinor developer

"Equinor has made two hydrocarbon discoveries in the North Sea, finding oil in the Troll area and gas and condensate near the Sleipner hub, with both considered commercially viable."

E
Equinor partner

"The license partners are Equinor with a 75% stake and INPEX Idemitsu Norge with 25%."

I
INPEX Idemitsu Norge partner

"The license partners are Equinor with a 75% stake and INPEX Idemitsu Norge with 25%."

E
Equinor partner

"Partners include Equinor with 58.3%, Orlen Upstream Norway with 24.4% and Vår Energi with 17.2%."

O
Orlen Upstream Norway partner

"Partners include Equinor with 58.3%, Orlen Upstream Norway with 24.4% and Vår Energi with 17.2%."

V
Vår Energi partner

"Partners include Equinor with 58.3%, Orlen Upstream Norway with 24.4% and Vår Energi with 17.2%."

high quality Enriched Mar 11, 2026

Timeline

Announced
Mar 10, 2026
Signed
Closed

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